Job summary
This is an opportunity to join the finance team of the London Ambulance Service Trust (LAS), one of the largest and busiest ambulance services in the world.
The role of Working Capital Manager sits at the heart of the finance team, working with colleagues, outsourced providers, and the wider Trust to ensure we collect cash due for work done and enabling timely payment to our suppliers.
You don't have to be a qualified accountant for this role as having a proactive and goal focused mind set is the most important quality. But the LAS is committed to supporting you in delivering your day to day work and to professionally develop.
Main duties of the job
No working day will be the same.
The Working Capital Manager will:
Work with senior LAS management, including the Chief Financial Officer, to set short, medium, and long term high performing working capital targets. These will include reducing and eliminating aged debt; meeting and exceeding the Trust's Better Payment Practise target; maximising interest earned from cash balances.
Use their experience and skills to gather, understand, present, and analyse data to focus on the key working capital risks of the Trust and the impediments to achieving our targets.
Contract manage external service providers to ensure they provide the service the Trust pays for: coach and lead the Working Capital Team so they can deliver excellent work, help meet our targets, and be professionally fulfilled.
Always be professionally sceptical and aware to the risk of fraud. The Working Capital Manager must keep themselves up to date and aware of potential frauds faced by the Trust and ensure the LAS's controls, polices, and procedures minimise the risk of fraud occurring.
About us
London Ambulance Service NHS Trust is the busiest ambulance Trust in the UK. We are seeking someone who will fit with the Trust values of Caring, Respect and Teamwork.
Job description
Job responsibilities
As the leader of the Working Capital team, the role has responsibility for:
1. The performance of the Working Capital team and outsourced providers such as debt collectors.
2. Internal and external reporting of Working Capital Performance such as cash collection or Better Payment Practice Code achievement.
3. Leading in the development, setting, and delivery of the short, medium, and long term plans and targets of the Trust relating to working capital, including cash collection.
4. Proactive management of the Trusts working capital balances.
5. Ensuring agreed financial controls (such as approval limits) around working capital are in place and operated as intended and users are adequately trained.
Job description
Job responsibilities
As the leader of the Working Capital team, the role has responsibility for:
1. The performance of the Working Capital team and outsourced providers such as debt collectors.
2. Internal and external reporting of Working Capital Performance such as cash collection or Better Payment Practice Code achievement.
3. Leading in the development, setting, and delivery of the short, medium, and long term plans and targets of the Trust relating to working capital, including cash collection.
4. Proactive management of the Trusts working capital balances.
5. Ensuring agreed financial controls (such as approval limits) around working capital are in place and operated as intended and users are adequately trained.
Person Specification
Qualifications
Essential
- Masters level qualification required either through achieving CCAB or equivalent qualification and experience to a masters level
- Evidence of Continuing Professional Development
Experience
Essential
- Debt collection and supplier payments controls, processes, operations, and management
- Experience of monthly reporting cycles and population of month end reports
- Customer relations and Contract Management
- Experience of working with other finance colleagues to ensure monthly tasks are completed within tight deadlines
Skills
Essential
- Ability to use databases, analyse highly complex data, diagnose problems, identify solutions and undertake business case benefits analysis
- Translate strategic directives into operational deliverables
- Use own initiative while knowing when to consult
- Ability make judgements/decisions in complex situations and use professional judgement to ensure the best outcome for the Trust
Knowledge
Essential
- Well-developed systems and IT knowledge
- Contribute to the development of the LAS and to influence others
- Experience of personal development planning and monitoring
Person Specification
Qualifications
Essential
- Masters level qualification required either through achieving CCAB or equivalent qualification and experience to a masters level
- Evidence of Continuing Professional Development
Experience
Essential
- Debt collection and supplier payments controls, processes, operations, and management
- Experience of monthly reporting cycles and population of month end reports
- Customer relations and Contract Management
- Experience of working with other finance colleagues to ensure monthly tasks are completed within tight deadlines
Skills
Essential
- Ability to use databases, analyse highly complex data, diagnose problems, identify solutions and undertake business case benefits analysis
- Translate strategic directives into operational deliverables
- Use own initiative while knowing when to consult
- Ability make judgements/decisions in complex situations and use professional judgement to ensure the best outcome for the Trust
Knowledge
Essential
- Well-developed systems and IT knowledge
- Contribute to the development of the LAS and to influence others
- Experience of personal development planning and monitoring
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
Additional information
Disclosure and Barring Service Check
This post is subject to the Rehabilitation of Offenders Act (Exceptions Order) 1975 and as such it will be necessary for a submission for Disclosure to be made to the Disclosure and Barring Service (formerly known as CRB) to check for any previous criminal convictions.
Applications from job seekers who require current Skilled worker sponsorship to work in the UK are welcome and will be considered alongside all other applications. For further information visit the UK Visas and Immigration website (Opens in a new tab).
From 6 April 2017, skilled worker applicants, applying for entry clearance into the UK, have had to present a criminal record certificate from each country they have resided continuously or cumulatively for 12 months or more in the past 10 years. Adult dependants (over 18 years old) are also subject to this requirement. Guidance can be found here Criminal records checks for overseas applicants (Opens in a new tab).
